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Avison Young Handles Gainesville Biotech, Life Science Research Facility Deal
Avison Young closed the $12 million sale of a newly-constructed biotech and life science research facility within Foundation Park in Florida’s Gainesville market. The 43,180-square-foot, Class A facility was constructed by Concept Companies in Alachua, FL. The sale was part of a 1031 exchange and represents one of the largest single office transactions in Alachua County since 2015.
Avison Young’s Rick Cain and Nick Banks spearheaded the disposition on behalf of Alachua Foundation Park Holding Company, LLC. Avison Young’s Michael T. Fay, David Duckworth and John K. Crotty, CCIM, were also part of the seller’s representation. The buyer was HF Holdings Colorado, LLC and financing was provided by Valley Bank’s Orlando office.
“The Foundation Park asset is well-positioned with strong tenancy and cash flow,” said Cain. “The proximity of Foundation Park and neighboring Progress Park provide a productive setting for many successful and growing bioscience companies.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

